NOT LISTED FOR SALE

Estimated Value: $819,199 - $1,039,000

4 Beds
3 Baths
2,562 Sq Ft
$357/Sq Ft Est. Value

Last Sold May 03, 2021

Last sale price $730,000 $285 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $5,666/month

Highlights

  • All Bedrooms Downstairs
  • Granite Countertops
  • Recessed Lighting
  • Gated Parking
  • Neighborhood Views
  • Laundry Room

About This Home

As of May 2021

Well-Maintained Income Property in the heart of LA! This pride of ownership triplex is the perfect opportunity to live in the front house and rent out two spacious units in the back or rent out all three for a steady stream of passive income. The main house is a charming 2 bed, 1 bath home with large bedrooms, a spacious kitchen with granite countertops, and a large living area. The back house features two clean and spacious 1 bed, 1 bath units with private entrances and an attached garage. All units are separately metered and there is plenty of parking available. Close to USC, LA Coliseum, LA Convention Center, Staples Center, shopping, entertainment, museums, and much more!

Last Agent to Sell the Property

Eric Delgado

Luxury Collective License #01831579 Listed on: 01/25/2021

Co-Listed By

David Cid

Luxury Collective License #02015043

Last Buyer's Agent

Tomasa Flores

Quando Realty, Inc. License #01938135

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,718

Year Built

  • Built in 1909

Lot Details

  • 5,184 Sq Ft Lot
  • 1 Common Wall
  • Chain Link Fence
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • Parking Available
  • Driveway
  • Gated Parking
  • RV Potential

Home Design

  • Triplex

Interior Spaces

  • 2,562 Sq Ft Home
  • Ceiling Fan
  • Recessed Lighting
  • Living Room with Fireplace
  • Neighborhood Views

Kitchen

  • Gas Oven
  • Gas Cooktop
  • Granite Countertops

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • All Bedrooms Down
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 178
  • Assessor Parcel Number 5001006022

Community Details

Overview

  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $1,200
  • Insurance Expense $700
  • Water Sewer Expense $1,200
  • New Taxes Expense $5,188
  • Operating Expense $7,286
  • Gross Income $36,540
  • Net Operating Income $29,254

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,718

Year Built

Built in 1909

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • View: Yes
  • Water Sewer Expenses: 1200.00
  • Zoning: LAR2
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Parcel Number: 5001006022
  • Year Built: 1909
  • Special Features: None

Interior Features

  • Fireplace: Yes
  • Interior Amenities: Ceiling Fan(s), Granite Counters, Recessed Lighting
  • Common Walls: 1 Common Wall
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Fireplace Features: Living Room
  • Price Per Square Foot: 284.93
  • Room Type: All Bedrooms Down, Kitchen, Laundry, Living Room, Main Floor Bedroom

Exterior Features

  • View: Neighborhood
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Driveway, Gated, RV Potential
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Cooktop
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 5184.00
  • Lot Size Acres: 0.1190

Multi Family

  • Electric Expense: 1200.00
  • Gross Income: 36540.00
  • Gross Scheduled Income: 36540.00
  • Insurance Expense: 700.00
  • Lot Size Area: 5184.0000 Square Feet
  • Net Operating Income: 29254.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 7286.00
  • Rent Control: Yes
  • Total Expenses: 7286.00

Tax Info

  • New Taxes Expense: 5188.00
  • Tax Census Tract: 2327.00
  • Tax Lot: 178

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 12, 2021
Sold by
Salgado Jose Luis and Salgado Idilberta E
Bought by
Rivera Jose Osmel
Current Estimated Value
$915,800

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$705,636
Interest Rate
3%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 2, 2015
Closed on
Apr 16, 2015
Sold by
Gomez Guillermo and Gomez Maria I
Bought by
Salgado Jose Luis and Salgado Idilberta E
Seller's Agent
Ramiro Regalado
EXCELLENCE RELIABLE BROKERS
Buyer's Agent
Julia Higueros
Century 21 Jervis & Associates
List Price
$415,000
Sold Price
$390,000
Premium/Discount to List
-$25,000
-6.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.57%
Original Mortgage
$292,500
Interest Rate
3.64%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 2009
Sold by
Regalado Ramiro
Bought by
Gomez Guillermo and Gomez Maria I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,385
Interest Rate
5.59%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 25, 2008
Sold by
Labow Frumeh and Willis Mable
Bought by
Regalado Ramiro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
6.04%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Rivera Jose Osmel $730,000 Lawyers Title
Salgado Jose Luis $390,000 Provident Title Company
Gomez Guillermo $310,000 Itc Gln
Regalado Ramiro $260,000 California Title Company
Regalado Ramiro -- California Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rivera Jose Osmel $705,636
Previous Owner Salgado Jose Luis $292,500
Previous Owner Gomez Guillermo $304,385
Previous Owner Regalado Ramiro $325,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/03/2021 05/03/21 Sold $730,000 +4.3% $285 / Sq Ft
02/05/2021 02/05/21 Pending -- -- --
01/25/2021 01/25/21 For Sale $699,900 +79.5% $273 / Sq Ft
05/29/2015 05/29/15 Sold $390,000 -6.0% $152 / Sq Ft View Prior Sale
04/12/2015 04/12/15 Pending -- -- --
07/18/2014 07/18/14 For Sale $415,000 -- $162 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,718 $790,174 $313,905 $476,269
2024 $9,718 $774,681 $307,750 $466,931
2023 $9,537 $759,492 $301,716 $457,776
2022 $9,104 $744,600 $295,800 $448,800
2021 $5,492 $433,021 $321,991 $111,030
2020 $5,544 $428,582 $318,690 $109,892
2019 $5,335 $420,180 $312,442 $107,738
2018 $5,240 $411,942 $306,316 $105,626
2016 $4,994 $395,947 $294,422 $101,525
2015 $4,160 $332,945 $161,102 $171,843
2014 $4,192 $326,424 $157,947 $168,477
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR21015190

California Regional Multiple Listing Service (CRMLS)

APN: 5001-006-022